Bitcoin 3-day Chart Indicates March 2020 Crash Recurrence

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Сешанбе, 14 июни соли 2022 2:00

Bitcoin 3-day Chart Indicates March 2020 Crash Recurrence

According to Tradingview, the world’s most popular cryptocurrency, Bitcoin, hit a new low of $20,828 at the start of the week. Because of this new pricing, BTC lost 16.54% of its value in less than a day- almost $5,000 in value.

Although being the largest and most famous cryptocurrency, Bitcoin is notorious for its huge climbs and equally dramatic declines. For example, BTC skyrocketed to an all-time high of over $69,000 in November 2021, then plummeted to just under $30,000 by the start of 2022.

  Хониши марбут | Bitcoin Long-Term Holders Realize March 2020-Like Losses As BTC Crashes

Bitcoin’s value peaked above $30,000 on June 1, 2022, but dropped below that the next day. It is currently trading below $22,000. This decrease is linked to TerraUSD, a stablecoin, breaking its $1 peg and Luna subsequently falling.

Илова бар ин, он номуайянии молиявии ҷаҳониро инъикос мекунад, ки тавассути афзоиши таваррум ба вуҷуд омадааст, зеро сармоягузорон мехоҳанд "дороиҳои хатарноктар" ба монанди криптовалютҳоро фурӯшанд.

The 3-Day Bitcoin chart Indicates a recurrence of the March 2020 Crash, based on the present state of the BTC market. Bitcoin’s popularity as a safe-haven asset began to wane in March 2020. It had lost half of its value in only two days.

Пас аз кушодани ҳафтаи болотар аз 9,000 доллар, криптовалют 4,000 марти соли 13 ногаҳон аз 2020 доллар поин рафт. Аммо, дар охири бозорҳои ИМА, он ба тақрибан 5,400 доллар баргашт.

Bitcoin is currently trading below $22,000 on the daily chart | Source: BTC/USD chart from TradingView.com

Барои садамаи моҳи марти соли 2020, Ҷо ДиПаскуале, директори генералии BitBull Capital, гуфт, ки пандемияи ҷаҳонии коронавирус сармоягузоронро водор кардааст, ки пули худро ҳамчун як шакли муҳофизат ба пули нақд интиқол диҳанд.

Вай илова намуд, ки Bitcoin’s potential as a safe-haven asset is being questioned due to this steep decrease. But feels it is too early to look for any links between Bitcoin ва дигар синфҳои дороиҳо.

One factor contributing to bitcoin’s new lows is the halting of all withdrawals, transfers, and swaps between accounts by Celsius.

Celsius, a DeFi platform and one of the largest crypto lenders has been a significant cause of mistrust in the Bitcoin Бозори.

 Related Reading | Rich Dad, Poor Dad Author Changes His Mind About Bitcoin? BTC Crashes To $23K

The network announced they had paused withdrawals, swaps, and transfers between clients via Celsius. This announcement was made in the early hours of June 13, following Bitcoin’s slide below $24,000 and the whole crypto market losing about $250 billion in only seven days.

As the company’s announcement stated:

Дар робита ба шароити шадиди бозор, имрӯз мо эълон мекунем, ки Celsius ҳама гирифтани маблағ, Своп ва интиқоли байни ҳисобҳоро таваққуф мекунад. Мо имрӯз ин амалро андешида истодаем, то Celsiusро дар ҳолати беҳтаре қарор диҳем, то бо мурури замон ӯҳдадориҳои хуруҷи онро риоя кунем.

Манбаъи аслӣ: newsbtc